Looks good and welcome to the board! It's in pretty typical shape for one of these trucks especially in the hood. You might also want to look into another hood because it looks like a piece of work. Nice place to start though. Now crack open an LMC catalog and order yourself some panels.
I too received mine from my Grandpa but without it passing by my dad. Luckily though, both are still around to see it happen and help me when I need it. I Will hopefully have mine done by two weeks before my graduation which is in less than two months.